Waiting for a settlement offer can take time and money. We take a look at some ways you can speed up your settlement offer timeline.
Have you recently received injuries from an auto accident or some other personal injury accident? Are you tired of waiting for the outcome of your lawsuit? Waiting for a settlement offer can take months, if not years, depending on the severity of your case.
While you wait for your case to settle, you may find yourself falling behind on your bills and other essential living expenses. If this sounds like anything you are going through, then you came to the right place. Waiting around for a decent settlement offer may make you want to give in and settle for less than what your case may be worth.
Don’t give up; there are ways to speed up your settlement offer timeline. This brief article will go over how you can speed up your settlement timeline and who you can contact for additional help!
How to Start Settlement Negotiations
The first step in settlement negotiations is a demand letter. Most attorneys will start the negotiation process with a demand letter.
This demand is either sent via a phone call, fax, or by mail. Your attorney will prepare your claim by putting in a numerical value for how much they believe your case is worth.
Some other attorneys will leave that part blank, allowing the insurance company to present the first numerical value. There is no right or wrong way to handle how to give the demand. Your attorney’s tactics will depend on your case.
Attorney Litigation Process
The first step your attorney takes to handle your case is preparing your claim and the demand letter. They will then need to have persistence in your claim.
Your attorney will act diligently, not obsessively, on your behalf to follow up for a response from the insurance company. It is essential that your attorney follows up diligently and not obsessively because it may single to the insurance company that you are desperate to settle.
It is best to have your attorney handle the case on your behalf so they can litigate your case. Although you may have an emotional attachment to the case, your attorney doesn’t. They are objective to your case, making the best ally to help you move your case along smoothly.
How Long Is the Settlement Negotiation?
The settlement offer timeline depends on the severity of your case. If you want to get your case over with, you may receive a settlement offer from the insurance company. Most insurance companies prefer to deal with you on your own so that they can give you a low settlement offer.
This offer most likely will be less than your attorney’s original demand. If you are desperate and want to get through the settlement process, you can accept this lowball offer and close out your case, but that may not be in your best interest.
How to Speed up Settlement Offers
If you find yourself knee-deep in debt and you need to borrow money, you can borrow against the proceeds of your lawsuit. This is also known as a lawsuit loan.
A lawsuit loan is a cash advance that you can receive from a reputable company to help alleviate your financial burdens while you wait for your case to settle. With this type of cash advance, a funding company will buy the right to either a portion of the entire amount of your lawsuit. In exchange, you receive a sum of money to take care of yourself while you wait for your case to complete.
Advantages of Lawsuit Advances
As mentioned earlier, this loan is fantastic for those who need help covering any mortgage payments, car note payments, or other living expenses. This type of funding also allows your attorney more time to litigate your case.
While your worry about taking care of yourself and healing, your attorney will be able to litigate your case on your behalf. This may also result in receiving a higher settlement offer since your attorney has more time to handle your lawsuit correctly.
Lawsuit Loans Are Risk-Free
You can receive a lawsuit loan on a non-recourse and risk-free basis. This lawsuit funding is not a loan, but it is an advance. You will not need to make any monthly payments while you wait for your claim to settle.
Instead, once your case settles, your attorney will pay the lawsuit funding company from the proceeds of your settlement. If you lose your lawsuit, you keep the settlement advance. There is no need to repay the lawsuit funding company if you lose your case.
Which Cases Qualify for Funding?
If you sustained an injury, hired a lawyer to pursue a compensation claim, and have a possible settlement, you can reach out to a reputable funding department for your options. Many companies provide cash advances to victims of auto accidents, dog bites, slip and fall accidents, and other personal injury lawsuits. If you are looking for a company to help you with your workers’ comp case, you can also reach out to these reputable lending companies for a lawsuit loan.
Receive Your Settlement Offer Funding Today!
Lawsuit funding for your pending settlement offer is a great way to cover your living expenses while your attorney litigates your case. The last thing you need is to be buried deep in debt while you try to heal and handle your injury case.
If you are looking for more information on lawsuit funding, contact us now. Our team is available to evaluate your case for free to see if you are eligible for a lawsuit cash advance.